The new ETF tracks the S&P 500 VIX Short-Term Futures Index
Excess Return, which offers exposure to a daily rolling long
position in the first and second month Volatility Index Futures
(VIX Futures), listed on the Chicago Board Options Exchange
(CBOE). The underlying index of the VIX Futures is the Volatility
Index (VIX Index), which is calculated based on the prices of
S&P 500 Index options and negatively correlates with
movements in the S&P 500 Index.